Галагазета | IMF Boss Must Stand Trial In Corruption Case
IMF Boss Must Stand Trial In Corruption Case _mz_smart_, 29 июля 2016 г., 7:45
Accused of negligence, the former French finance minister could face a year in prison along with a €15,000 fine if convicted.
A date has not yet been set for IMF director Christine Lagarde's trial
France's top court has ruled that International Monetary Fund chief Christine Lagarde must stand trial in a financial scandal.
Ms Lagarde was French finance minister in 2008 when she approved a payout of €400m to a politically connected businessman.
The IMF managing director is accused of negligence and could face a year in prison along with a €15,000 fine if convicted. She denies wrongdoing.
A special court ruled in December she should stand trial. Her appeal against that decision was rejected on Friday by France's Court of Cassation.
Tycoon Bernard Tapie sued the state after selling his stake in adidas
She will be tried at the Court of Justice of the Republic, which tries government ministers for alleged wrongdoing while in office.
A date has not been set for the trial.
Ms Lagarde's lawyer, Patrick Maisonneuve, said he was convinced she would be exonerated.
The case involves Bernard Tapie, who sued the state for compensation after selling his stake in sports company adidas to Credit Lyonnais in 1993.
He accused the bank of defrauding him after it resold his stake for a much higher sum.
Mr Tapie was close to Ms Lagarde's boss, then-President Nicolas Sarkozy
Ms Lagarde signed off on a private arbitration panel's ruling that he should get the €400m in compensation, including interest.
The unusually generous payout with taxpayers' money provoked public outrage.
Mr Tapie has been ordered to pay back the entire 400m euros, but has appealed.
The magnate and TV star was close to Ms Lagarde's boss, then-President Nicolas Sarkozy.
The investigation began in 2011, soon before Ms Lagarde was named to head the IMF.
IMF spokesman Gerry Rice said on Friday the Executive Board ''continues to express its confidence in the Managing Director's ability to effectively carry out her duties''.
BeNnY
Source: news.sky.com/story/imf-boss-must-stand-trial-in-corruption-case-10509703
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A date has not yet been set for IMF director Christine Lagarde's trial France's top court has ruled that International Monetary Fund chief Christine Lagarde must stand trial in a financial scandal. Ms Lagarde was French finance minister in 2008 when she approved a payout of €400m to a politically connected businessman. The IMF managing director is accused of negligence and could face a year in prison along with a €15,000 fine if convicted. She denies wrongdoing. A special court ruled in December she should stand trial. Her appeal against that decision was rejected on Friday by France's Court of Cassation.
Tycoon Bernard Tapie sued the state after selling his stake in adidas She will be tried at the Court of Justice of the Republic, which tries government ministers for alleged wrongdoing while in office. A date has not been set for the trial. Ms Lagarde's lawyer, Patrick Maisonneuve, said he was convinced she would be exonerated. The case involves Bernard Tapie, who sued the state for compensation after selling his stake in sports company adidas to Credit Lyonnais in 1993. He accused the bank of defrauding him after it resold his stake for a much higher sum.
Mr Tapie was close to Ms Lagarde's boss, then-President Nicolas Sarkozy Ms Lagarde signed off on a private arbitration panel's ruling that he should get the €400m in compensation, including interest. The unusually generous payout with taxpayers' money provoked public outrage. Mr Tapie has been ordered to pay back the entire 400m euros, but has appealed. The magnate and TV star was close to Ms Lagarde's boss, then-President Nicolas Sarkozy. The investigation began in 2011, soon before Ms Lagarde was named to head the IMF. IMF spokesman Gerry Rice said on Friday the Executive Board ''continues to express its confidence in the Managing Director's ability to effectively carry out her duties''. BeNnY Source: news.sky.com/story/imf-boss-must-stand-trial-in-corruption-case-10509703
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